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DoF projects P61.3B in collections from higher sin taxes in 2020

THE DEPARTMENT of Finance (DoF) said that the government may raise an additional P61.3 billion worth of revenue in the second round of increased “sin” taxes proposed under its comprehensive tax reform program.

Second round of sin tax hikes seen to generate P61.3-B revenue...

THE DEPARTMENT of Finance (DoF) said the government may get an additional P61.3 billion revenues in the second round of sin tax hikes proposed...

FEMSA exit triggers scramble to liberalize sugar imports, DTI says

THE GOVERNMENT is rushing to liberalize the importation of sugar to address supply issues after a major Mexican bottler gave up its rights to make and sell Coca-Cola products in the Philippines.

BIR collects P6 billion from excise tax on sugary drinks

THE BUREAU of Internal Revenue (BIR) collected about P6 billion from the new sugary drinks tax in the first quarter. "Sa (for) sugar-sweetened (beverages), P6 billion...

Excise tax take surges, beats target on increased rates

EXCISE TAX collections surged by nearly three-fourths in the first two months of the year, driven by bigger taxes on cars, tobacco, alcohol and...

Excise tax collections exceed January-February goal

EXCISE TAX collections rose 74.23% in the first two months of the year driven by "sin taxes" after higher levies were imposed this year,...

Mighty’s might

A most disturbing development that will affect revenue collection and even the credibility of the tax reform is the Department of Justice’s (DoJ) dismissal...